> You make an informed decision about a company when you decide to join just like a VC would. Firstly, almost no startup I've seen lets me look at the cap tabl

> You make an informed decision about a company when you decide to join just like a VC would. Firstly, almost no startup I've seen lets me look at the cap table or board minutes, much less finances. So you get a very limited view as an employee or potential employee. Secondly, even suppose you had the same knowledge as a VC -- the VC is making a portfolio bet that 1 of their 20 companies will hit it big. You get one lottery ticket, not a portfolio, so the risk/reward is totally different.